Landstar System, Inc. (NASDAQ:LSTR) Receives Average Rating of "Hold" from Analysts

Key Points

• Landstar System, Inc. has received a consensus rating of "Hold" from 17 analysts, with a price target averaging $143.67.
• The company reported $1.20 earnings per share for the latest quarter, exceeding estimates, but revenue declined 1.1% year-over-year.
• Landstar recently announced a quarterly dividend of $0.40 per share, contributing to an annual yield of 1.3%.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been given a consensus recommendation of "Hold" by the seventeen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $143.6667.

LSTR has been the topic of a number of research reports. Evercore ISI decreased their price objective on Landstar System from $132.00 to $125.00 and set an "in-line" rating on the stock in a report on Tuesday, September 30th. Wall Street Zen upgraded shares of Landstar System from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group dropped their price objective on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Barclays decreased their target price on shares of Landstar System from $145.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 2nd. Finally, TD Cowen lowered their target price on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating on the stock in a report on Wednesday, July 30th.

Landstar System Stock Performance

Shares of LSTR stock opened at $123.87 on Tuesday. Landstar System has a 52 week low of $119.32 and a 52 week high of $196.86. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 25.97 and a beta of 0.82. The company has a 50-day simple moving average of $128.83 and a 200 day simple moving average of $135.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $1.48 earnings per share. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. Landstar System's payout ratio is currently 33.54%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Alpine Bank Wealth Management bought a new stake in Landstar System during the first quarter worth about $25,000. MAI Capital Management raised its position in shares of Landstar System by 79.3% in the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company's stock valued at $34,000 after buying an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock worth $37,000 after acquiring an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock worth $39,000 after acquiring an additional 152 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Landstar System by 7,650.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock worth $43,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 97.95% of the company's stock.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.

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